About this Show

FOX News Sunday With Chris Wallace

News/Business. (2012) Glenn Hubbard; Austan Goolsbee; Brit Hume; Mara Liasson; Kimberley Strassel; Juan Williams. New. (CC) (Stereo)

NETWORK
FOX

DURATION
01:00:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Channel 93 (639 MHz)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

Us 18, Romney 14, Obama 12, America 9, Washington 6, Mr. Hubbard 4, Mr. Goolsby 4, T. Rowe 4, Mr. Hubard 2, Bill Clinton 2, Glenn Hubbard 2, Barack Obama 2, Mya 2, Alead 2, Mr. Romney 2, George Bush 2, Lipper 2, U.s. 2, Virginia 2, Gal 1,
Borrow a DVD
of this show
  FOX    FOX News Sunday With Chris Wallace    News/Business.  (2012) Glenn Hubbard; Austan Goolsbee; Brit  
   Hume; Mara Liasson; Kimberley Strassel; Juan Williams. New....  

    September 10, 2012
    2:00 - 3:00am PDT  

2:00am
i am chris wallace. 58 days to the lection and the jobs report is driving the debate on the campaign trail. with more people leaving the work force than were hired last month we'll have a debate on what it takes to have america backot job. from glenn hubbard to austan goolsbee. former chairman of bum bum- bum omamma
2:01am
counsel. we'll ask the sunday panel how the next two months play out all right now on fox news sunday. hello again from fox news in washington. with the conventions over and the big debates coming next month we'll focus on one issue that will dominate the campaign all the way to november. getting america back to work. joining us now is the former chairman of the white house council of economic advisor, glenn hubbard who a senior advisor to mitt romney and from austan goolsbee who is a obama advisor. the unemployment rate dropped to 8.1 percent because 368,000
2:02am
people stopped looking for work. the percentage of americans in the labor force is 63.5 percent lowest since 1981 force participation was where it was when obama took office unemployment would be len.2 percent. why is the job's picture so different. >> a million more people are unemployed. there is structural head winds to be sure but it is a story about growth. we could do better with better policy. fed chairman bernanke argued that two million of the jobs were created as a result of the feds policy. we have weak policy in the government indeed. >> why is job creation so bleak and how can a president who says he is looking out for a middle class and work force participation is at a 30 year
2:03am
low. >> we'll separate two things. good month and in bad months, all economist say. you never want to take one month's report. if you look at over the last year the unemployment is down a full percentage point for people getting new jobs and not a reduction of the labor force. bureau of labor statistics keeps track of discouraged workers and the number of discouraged workers fell. i think the fact that some people are choosing to go to school and that shows up in the data is not a surprise. people are age retiring. i do gree with glenn, the root of the problem is modest growth. faster than the rest of the advanced world. the entire world economy is
2:04am
struggling. i think putting a focused on broadbase growth is better than big tax cuts. >> that's the reason we want to have you here. who has the better plan?n? i want to focus on the obama and romney plan to jump start the economy and the biggest difference at this point is taxings. this what the president said. >> tax cuts when times are good. and tax cuts when times are bad . tax cuts to lose pound and tax cut to help your love life. >> your cand date wants to cut the tax rates 20 percent. the president said this is same trickle down economics that got us in the mess in the first place. basic question, why is cutting taxes on the wealthy good and
2:05am
why is raising taxes on the wealthy bad. >> mitt romney is proposing a tax cut. there is a deep cut inhe corporate rate. most economist believe that fundmental tax reform is powerful for growth. i can't imagine an argument that said that raising marginal tax rates on high income people is a recipe for economic growth. one can debatate fairness arguments but not aware of any argument to get back to the growth that we talked about in the previous question about raising taxes. >> why does raising taxes at this point. why would you raise taxes on anybody let alone the wealthy? >> president obama cut taxes for
2:06am
95 percent of america and he's talking about broadbase growth. i don't believe that having the rates back in the '90s will negatively impact the economy and you can use the money for like cutting taxes for businesses that hire people rather than cutting taxes on the cutting taxes for mitt romney's horse. >> but back in 2010, the president said that he opposed raising taxes on anyone including the wealthy, because the economy was too week. look at what he said. >> potentially you can see a lot of folks losing business and more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >> when the president said that the economy was growing at 2.3
2:07am
percent. and he said at that point, the economy was too fragile to raise taxes on the wettley. >> the economy is now growing at 1.7 percent and it is weaker. why raise taxes now if it was too fragile back then. >> i disagree with your premise. what he was saying let's not go raise taxes at the wettley at this moment, it was to extend the unemployment benefits and extend pay roll tax cuts and extend. >> we can go back to january of 2010. wait a minute, wait a minute. it was january 2010. >> you made a deal. >> no, you are mixing tup. the tape i just played from you is republican retreat in baltimore in january of 2010 len months earlier when the president said not as part of
2:08am
negotiation with congress, it is too soon and wrong time to raise taxes. >> in january 2010 unemployment rate is almost two full percentage p points higher than now. that is a selective choice. the president never made. >> the economy is weaker now. sir. the economy is weaker. it was a 2.3 percent back then. >> chris, your clip is trying to suggest that the president's leading concern for economic growth is that we not raise taxes on high income people. it is a focus of tax cuts for people that hire, a higher tax cut rather than abolishes estate tax and cutting by billions was dollars. it didn't work in 2001 when the
2:09am
same people proposed it and used it. >> mr. hubbard you were part of the team in 2001. >> first of all governor romney is talking about tax reform and not large tax cuts. my question for austan following yours, why would we believe that four more years of this policy or hiring tax credits or whatever else the president has on the table will take growth to the next levell. i don't know of any economic evidence of that being the case. each year the administration forecast that faster growth is around a two-year corner and it hasn't happened and will not until we change course. >> the government forecast in the end of 2009 and unemployment rate at end of 2012 would be 8.2 percent. since everyone has seen thehe depth of the recession we saw in
2:10am
the beginning of 2009, we have plugged along at modest growth because we are coming out of the worst financial crisis in our lifetimes. that's what happened. and as you look at what will work, going back to a policy that absolutely did not lead to growth and blow a giant hole in the deficit is not accurate. we have add four and half million private sector jobs in two and half years. it has to be faster and we need more. and going to a policy which in the first term of george bush, created one million fewer jobs than president obama created in his first term makes no sense. that is not a policy that is going to get us out of this problem. >> let me bring in mr. hubard. this is what you heard in the
2:11am
democratic convention. no president given the nature of this particular recession could have turned things around by this point or four years into a term, what do you think of that argument? >> i just don't think it is true. we have seen deep recessions in america's past and recoveriys are vigorous with deep financial holes. we pursued the wrong policy. george bush is not on the ball on the and bill clinton is not on the ballot. romney and obama are on the ballot. mitt romney wants a wise budget and strat edge yestrain and the president proposed tax increases. >> both romney and obama said one of the keys of dealing with the economy is dealing with the debt we have. the president calls for four trillion in deficit reduction in
2:12am
10 years. one trillion much that is from the spending cuts he and congress agreed to last august. and 848 billion is ending the wars in iran and afghanistan which is money that is borrowed. and mr. goolsby. the president has no top spending cuts and doesn't shrink the size of government and does not reform the entitlements. >> look, the premise of that question is unlateral action and the summary that the president puts forward. he put forward a budget in the discussion of the budget and debate last year over the debt ceiling that get to the four trillion goal that came from bowles, simpson >> steve: he's talking about. if i may mr. goolsby.
2:13am
the spending cuts in his budget plan are largely bogus. >> no, you just add largely bogus and i don't agree with that. we have had major cuts on the defense and discretionary of 10 year freeze . the budget window is a 10-year window . the alternative that mr. romney puts forward is not specific. he proposed five trillion in tax cuts and you heard what mr. hubard said. i will find loop holce to close that. >> steve: i want to go if i can, it is it a lejet mate point to mr. hubbard. mr. romney wants to cut five billion from the deficit and balance the budget by 2020 and offers no details and he would increase defense spending by two
2:14am
trillion over the 10 years and he would rescind the 716 in medicare that the president gets in obama care. the question mr. hubbard and this is true about not detailing the tax deductions. why not level with the voterss and say how you are going to achieve the admirable goals. >> governor romney has a two-part budget plan. far more so than any candidate. first to bring government pending down to gdp. >> he didn't say how. >> he was talking about the specifics of the medicaid program . fundmental tax reform and a healthier economy will produce a revenue share of gdp . longger term it is about entitlementings. and governor romney said in social security he would raise the retirement age gradually and
2:15am
reduce the benefits for upper income households and reduce for medicare 2. that is a program, one disagrees with it but it leads to lower deficits and higher growth. >> mr. goolsby? >> objective people that sat down and looked at what mitt romney proposed said it would increase the deficit and if they wanted to cover the income t portion of what he proposed for high income people they would have to raise taxes on the middle class substaniately. in 2001. >> all right. mr. goolsby. i am going to have to interrupt. we'll leave it there. won't work. thank you so much.
2:16am
mr. hubbard and mr. goolsby, we'll have you back. we'll stay on top of the debate of how to get americans working again. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar.
2:17am
though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now.
2:18am
>> mr. president, i am here to tell you that the american people are awake and we are not buying what you are selling in
2:19am
2012. >> chris: mya love and her debut on the national political stage in the republican convention. she is mayor of sarahing ta springs, utah and running for congress. >> guest: thank you for having me, chris. >> chris: you are a black mormon who is a favorite of the tea party and running to be the first black female running for congress. how did you turn out the way you did? >> guest: my parents immigrated from haiti with 10 dollars in their pocket. my parents taught me we were not entitled to anything that we didn't work or work for or pay for ourselves. i have taken those principles where i have gone. >> chris: there is a story when you started for congress.
2:20am
your father gave you marching orders that are a guiding principle for you. what did he say. >> guest: i took my dad with you. mya your mother and i have done everything we could to get you here today. we worked hard and you are not going to be a burden to society and you will give back. it didn't g in one ear or another and it resonated with me and stuck with me. >> chris: let's go to your position for congress mayor love. you want to cut federal spending 759 billion by 2021 cut food subidies by 53 blion k-12 another 53 billion and end college assistance 33 pillion. question, what happens to millions of people including a lot of minorities that depend on those programs? >> guest: there are different
2:21am
approaches. that program i put out to start a discussion . i haven't set it in stone and make sure i hit the ground running. we have to start the discussion. education for instance. trying to see how much debt we can give people and the option i would like to look at bring the cost of tuition down so more people get the opportunity for higher education. >> chris: how do you get the colleges and father of six kids who i put through college. how do you get tuitions down? >> guest: because federal government drowned out the private sector we have to do everything we can. because the price was tuition went over 500 percent up over the 80s. there are people who can't today because the price of tuition is too high unless they're completelyy indebted. we can bring them to a state level and let the private sector
2:22am
come in and compete. and i think it will drive the price of tuition down and give more people opportunity for higher education. >> chris: democrats said you are hypocritical for calls of ending subsidies for college education noting that you have $15,000 in outstanding college loans? how do you respond? >> guest: i wish i option and we are trying to pay them off. i would love to be in the position of no debt. i want my children to have a college education without having as much debt. many people are leaving college and indebted and they can't find work to pay off the loans. what is going to happen with the college education is the same thing that happened with the housing market. we are going to end up being in big trouble when people can't
2:23am
pay back the loans. >> chris: democrats are acudesing yourr party of waging a war on women wanting to take away choice on abortion and cut federal funding for planned parenthood and limit acess insurance for birth control. how do you respond to the charges that the republicans are waging a war on women. >> guest: under president obama women have suffered more. 5.7 million they ar out of the work and gone from sevenpercent unemployment to seven.8 unemployment and i would like the federal government to help me so i can pay for the contraceptives if i want to. >> chris: nais a criticism that republicans are leveling back at democrat. saying they are not talking about economy.
2:24am
>> guest: for me it is about choice. i want more free choice and liberties than anything else. i think that federal government trying to get and bring the so-called war on women. it is a way to distract to talk about not failed policies. >> chris: when you say choice democrats say your party want to take away the choice when it comes to abortion? >> guest: the role that government does play is protect life, liberty and pursuit of the happiness. i am a pro-life person. i believe you have more choices before somebody ends up getting pregnant and i think it is important that we are able to have the freedom to exercise that choice it is up to you how you want t to do that. we shouldn't ged in the weeds of all of this. this is what we teach in our
2:25am
home. and we should focus on the economy and what is happening with the economy. >> chris: talk about your record. you are the mayor of saratoga springs. on the council, you voted to double property taxes. we point out saratoga springs was small town. you voted to double property taxs and as mayor voted to cut them back some. are there times when it is necessary to raise taxes? >> guest: look, our city was an agriculture city and never set a municipal tax. when the housing market dropped. we had to first cut spending and we cut 30 percent on the lower levels and 67 percent on the higher levels and property tax we made sure it pay for nothing
2:26am
but public safety. there sirole government plays and that makes sure we cope our city safe. with that being safe we had a bond rate i was able to lower taxings first year as mayor and we are firm on financial standing and our city is doing well and washington could take a note from that. >> chris: you led me in the direction to go. from your vantage point of saraing ta springs,hat do you think of washington? >> guest: i think washington is broken. household incomes down $4000. and gas prices double unemployment eight percent and 14 percent among the black americans and health care premiums going up. we have two choices when it comes to presidential candidates. we have a president that wants more tax or regulation or bigger government x. we have somebody else governor rom romm who want
2:27am
to champion small business and wants to create 12 million jobs in the private sector and lower the tax base. and energy independence. you ask yourself two questions. am i better off than four years ago in and if it is no. the clear choice is president romney and utah supports president romney and so do i. >> >> chris: you are in a tough race with a democratic incumbent congressman. how would you like to change washington. >> guest: you have to lower the debt. we have to do what we can to lower deficit spending. >> chris: if i may, mayor, i am less talking about policy and more the way business is done. how would you try to change that? >> guest: i think one of the things is i would like to see a
2:28am
plan from both parties. we have three years since we have had a plan from the democratic party. where i come from we run nonpartisan. i don't look at fellow council member and say what party affiliation are you before i figure out their plan. we have to find solutions instead of rhetoric and being setting people up against each other in terps of dividing this country. we have to come together as americans and fix the problems we are facing today and we need leadership. not someone who follows from behind. but leadership. saying these are the solution and we'll try to do what we can to get the country back on firm financial standing >> chris: mayor love, we'll see how things go for you in november. thank you. when the fall campaign is underway. we'll ask our sunday group to
2:29am
underway. we'll ask our suwe're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank.
2:30am
2:31am
2:32am
>> the path we are on may be harder but leads to a better place. i am asking you to choose that future. >> he doesn't have a plan or ideas and we have to make sure he doesn't have more days in the white house after january. >> chris: president obama and
2:33am
governor romney going after the votes on the campaign trail it is time for the sunday group. brit hume fox news analyst . mara liasson national public radio. and kimberley strassel from the wall street journal and fox news political analyst juan williams. we have new poling numbers and show that president obama got a bit of a bounce. on thursday, gal up sevenday rolling average had obama leading mitt romney by fren to 46. saturday, it was four points. 49 percent to 45. i guess we will not see those. there we go. brit? >> i think the democrats got more out of their convention than republicans got out of their. going second is better. convention on the heels of the previous one can step all of the
2:34am
affect of that and refocus the audience. it was a better week. republicans were in the last week before labor day and democrats started after labor day when more people are at home and watching. and i think there is something about barack obama and a certain magi about him people will tune in to see and notable audience ratings were higher for the democratic conthan republican . his speech combined with the other presentations had some power. and how long this bounce will last. i think it is a tied race. i think the democrats got more out of their convention. >> chris: mara, does this president enter into the final eight weeks with however small and tenuous a lead in the general popular support and in terms of the key elector swing states. >> there is no doubt about it he
2:35am
has a sig small significant lead . we are entering into the phase of the race where the national horse racing numbers doesn't need to click. look on the map in the battle ground states and he is up in those states for a very long time. this bounce will help him. don't fget obama campaign predicted a turn out benefit. this was a convention aimed at their base and you do see not only in the lead in the battle ground but has more way to get to the electoral than romney. romney has to get ohio, virginia and florida. >> a number of observers thought that the bad job's numbers and they were b by any defition on friday would blunt the advantage that the president had coming out of the convention. we should point out the gall up
2:36am
poll, all of those numbers were taken before the friday job's report came out. we don't know the affect of that. some folks are suggesting that maybe people factored in it was a weak recovery and we are going to have 8 percent un. may be discounting that and may not have the dampeping affect. >> i find it very hard to believe if you are getting up every day and trugling to find a job and you are one of those huge numbers of people trying to find a job that you are discount decided this is a new normal. the thing to watch by the way, is what democrats will watch. one of the main things was energize the subsectors that were important in 2008 to the president's election. when you look at the polls, one of the thing that is democrats are concerned about. not all likely voters will go vote. what you are seeing again and
2:37am
again. you ask the republicans how likely they are to vote, 7, 8, nine. and democrats are saying three, four, and five. they will see if they convince the youth and hispanic women vote to vote on election day. >> chris: juan. >> the swing states when you look at the bounce in pennsylvania, right now republicans are saying they have begin up and that is out of reach. ohio, obama strong . virginia and nevada and colorado and wisconsin and michigan. and so north carolina, the one swing state where romney has a slight lead and not beyond the rgin of error. it is competitive. what you come back to money. where is the advantage for the republicans? the advantage is in terms of not only romney and the republican national committee fund raising karl rove and cross roads.
2:38am
they have a substantial advantage and there will be a dilulingg of advertising from the republicans and i don't think that the president will match. ralm emanuel resigned so he could help bill burton to raise money to match it. what will be the impact of all . advertising, can it change the favorability numbers that bounced up for the president. >> chris: i want to go back to the question of the economy. it is lowsy for a long time and romney made the case that the president hasn't fixed the economy. is that enough? it doesn't seem to be enough to get him over the top a against obama. is that enough or does he have to do something else. >> chris: he lead oz the economy and if that is the motivator of the vote, that will make a difference. >> chris: he doesn't lead in the
2:39am
horse race. >> we still have time to go here. i think the decisive factor in the race like any other presidential race will be the conditions in the country and how they are per ceived. touch on the job numbers for a moment. i don't think that the bad job report changes how the people feel about the economy. the president needs people to feel differentlyy to have more hope. think about the message in the convention. give me more time. it is it a hard long road but we will get there. think what we -- he would do with a good job's report late as it may be in the game. in his message and advertising, that would put evidence under his convention appeal. he got a weak jobs report which does deflate his message. >> he oy has two more job
2:40am
reports and the one of the things they say. numbers don't matter it is the trend. this one went back ward and that is tough. one thing that the president is trying to do and he got help from romney, he wants to focus on the future and not the present. i think mitt romney left that on the table in tampa. >> but obama said nothing. >> i agree, but the worry to me . mystifying question of why is mitt romney is ahead on the economy has to be because people are not sure what he would do. they know the economy is bad. i think they need him to fill in the blanks. >> one of the big problem convention. their decision to focus on the argument. >> which convention? >> the democratic. about how the argument republican policiless that led to today's malaise and if you choose mitt romney it will go
2:41am
back ward. the president had no message of his own. people were waiting for it in his entire speech. instead it was well, we are going to do the same thing we are doing. and if i am not sure if you are an american voters if you want to hear well, just give it more time. >> to the contrary what you saw in the convention was foror the democrats, a clearr enunciation of value and vision from t democrats . when you talk about steps they are willing to take to bolster the economy. they are talking about investing in education and education and train the like it is a clear vision. what we saw from mitt romney was a contrary vision and people made it out for him to be aboutt profits and cutting debt approximate more so than carrying for the american people. i don't think that was to the republican advantage and that is why mitt romney didn't get
2:42am
bounce scrersus the democrats and bill clinton's business and their argument is you didn't clean it up fast enough and so that was a strong framing argument. >> chris: we'll have to take a breath. both convention said in the books . both convention said in the books . look alead to the next big two years ago, the people of bp made a commitment to the gulf. and every day since, both convention said in the books . look alead to the next big we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america.
2:43am
bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. inspiration. great power. iconic design. exhilarating performance. [ man ] ...once again has created le mans history... [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. ♪
2:44am
2:45am
>> this president can ask us to patient. this president can tell us it was someone else's fault and this president can tell us the next four years can get it right. but the president cannot tell us you are better off today than when he took office. >> you elected me to tell you the truth . the truth is, it will take more than a few years to solve challenges. >> chr: two nominees each delivering the central message on how the voters should see the
2:46am
economy. brit, i think that the common theme patience. the president is saying we are on the right track but it will take more time and be patient . romney saying times up. who has the b better side of it? >> by any normal standards if you have four year to get the economy growing again and in every recession that we can remember going back to the great depression . the economy is growing robustly. four years is more than enough time and most people probably would gree with that. romney has on that point a better argument. just look being at him there. he looks presidential and very dig nighed and handsome guy and adult and not look like anything is wrong with him. but, you know, something is keeping him from breaking through and it is interesting to speculate what it is. >> chris: you know mara, back to
2:47am
the question of patience. you have bill clinton. he said not even me. >> yeah. i know. >> chris: what a testimonial could have turned it around in four years. what about times up and opposed to give me more time. >> you think namitt romney has the better argument. no one run or won with an economy this bad. but he's not. why isn't he? one of the reasons i think. for some reasons, republicans decided to use money in the end . the demdeps tried to defoin romney in the pace between the primaries and conventions when romneyas a blank slate. they knew he was a rich businessmen and you heard a story about bain capital thattee
2:48am
conventions and didn't explain what bain did. >> others did. >> they troyed in a way that said i will do for you what i did for wealthy investors. and i think that the democratic advertising helped. obama is not that much ahead in the horse race. >> i think she has a good point. romney has done a good job of talking what the president is not doing well. but the argument that the president hit on. where were republican policiless that got us into the mess. he needs to have a story about what happened that led up to the recession and why it was not necessarily. >> chris: you think people want to relitigate the bush years? >> they want to hear an economic
2:49am
argument that makes it it was not bush tax policy that got us why we are. that is a bizarre argument from the democrat and free market is the way to revive . he has to defend and promote them. this is where his money will help. i don't think the romney campaign will spend it attacking the president. they will make the positive case. >> chris: let me before i bring juan in. he may have convinced people that obamas policies are wrong and convinced them that i can make businesss and profits. but has he convinced them for the average middle class american he would make it better. >> that is a problem. he will talk about the tax plan .
2:50am
they are trying to present it as a tax cut. they tax reform. and it is a positive impact on his life. >> two things are said. when i look at polls, americans don't think that the economy stinks. we went in a terribluation and we are slowly makes process and that helps obama in terms of the process. >> chris: right track, wrong track. isn't that negative. >> it is negative for a long time through the last decade. right track and wrong track is up 80 percent. no change there. people don't like washington and they like congress less than the president. i am just telling you. right track wrong track is not the indicator. when americans are asked about the wall street. my pension is okay and talk
2:51am
about dabout dp and the president's strong and anemic job growth carries tentry here. they are backed in the argument at this point. unless they are dramatic they will not make difference. what is it that mitt romney has to say that convinces people. the argument coming from the president. it would be going back to the bush years and that is not a winning argument for romney. >> chris: turn to the next big event. there is a drama going on as two or four guys including the running mates are on the campaign trail. the next big event is the four debates in october. we have the vice-president and presidential debate. conventional wisom with the exception of kennedy and reagan in the 80s debates don't make
2:52am
that much of a difference and don't swing the general trend of the campaign. how important are the debates. >> that is rooted in fact. look at the affect that the debates have h. rarely are they decis itch. candidate a people think that candidate won and same for b and the state of the race is left in place by the out come of the debates, it cou be different this year. president obama is on the same stage with a businessman which he has personal disdain. and how that plays out might have an affect. in the end they will vote on the man who changes conditions or if he's too risky my guess is romney who is debating and better than he was four years ago will do well in the debates, but i am not sure it makes a
2:53am
difference. >> it is the potential game changer we have left barring unseen events. >> we can have dukaksis in a tank. >> this is the romney campaign counts on it being by 1980 and fire the incumbent and reagan stood up and he seemed reasonable . i don't know if mitt romney can pull that off. he is the better debater and he had a lot of debates and i think that obama and rusty. >> better debater than obama. >> he is fresher and more experienced. >> less than two minutes left and i want to take a trip down memory lane over the wonderful two weeks and asked you for the favorite moment and start wubrit. and your favorite moment. >> well, debby wasserman schulz and had a wonderful make over.
2:54am
ook at her. i didn't recognize her. she looks fabulous and looked great and i thought hooray for her. >> i saw her on the floor. i don't know about yourr politics but you look great. she said was a great. >> gabby giffords leading the pledge of alenneliance. >> hear, hear, if you were on the podium. everybody stood and cheer frankly there were not a lot of dry eyes in the house to see her come back from the awful shooting and so bravely to lead the pledge of allegiance. and kimberley your favorite moment. >> susana martinez speaking. i thought she was endear mart and exactly the sort of person that the gop needs to put up and told a story that a lot of people can identify with. >> and juan. three year old daughter of
2:55am
julian castro in the big break out moment decides to flip the hair and it went viral . what a cutie pie . with her and her grandmother just wonderful. >> and the funny thing is, the crowd was seeing it and laugh castro didn't know why people were laughing at him. see you next week . check out panel plus and the group picks up with the discussion of foxnewssunday.com. make sure to follow us on twitter. up next, the convention video you didn't see this week ♪
2:56am
[ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average.
2:57am
t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> the political convention showed steering videos. we preferred the folks of the daily show. called barack obama it couldn't have been worse. >> they put in place a economic stimulus and that didn't ruin the country and the results spoke for. people say well, you know, the stock market didn't fully recovery. yeah, but its recovered more than people expected last year. things are still tough but not as bad as they could have been. unemployment at 9.6 but yes, not 12 or 13 or 15 o19 or 80. no limit how high they can g. >>
2:58am
by helping it be less bad the recovery act was helping. >> it was the obama touch. that led to better and then more bad and so the president will use the power of his office for less than bad. did we get universal health care, but the thing we did get was the insurance coverage for pre-- i don't know the details, the point is, it is it better than cancer. >> now that is a campaign video. if you are wondering it was larry david that did the narration. that's it for this week. see you next "fox news sunday". you have to watch it.
2:59am